good book on the basics of Mutual funds. Why an individual would choose another style of fund after reading this is beyond me. To reiterate what the estimable Mr. Buffett said earlier: “Inactivity strikes us as intelligent behavior.” Never forget it.”, Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor. Now, in this completely updated Second Edition, Bogle returns to take another critical look at the mutual fund industry and help investors navigate their way through the staggering array of investment alternatives that are available to them. Written by the founder of Vanguard, it has completely changed the way I will approach investing for the next 30 years and has really opened my eyes about some of the downfalls of individual investing. By clearly laying out the four dimensions of investing (risk, reward, time, cost), Bogle makes a strong case for avoiding high-cost, actively managed mutual funds or funds which have high turnover or high speculation. This book is written in a simple and straight forward way and easily understandable to the readers or beginners in investing. 319 ratings. Mainly directed for the US reality and maybe a bit too detailed for a casual reader. Since the first edition of Common Sense on Mutual Funds was published in 1999, much has changed, and no one is more aware of this than mutual fund pioneer John Bogle. Those following this path are sure to beat the net results (after fees and expenses) delivered by the great majority of investment professionals.”, “Another huge toll has been taken by taxes. Investors should not underestimate their time horizons. John C. Bogle shares his extensive insights on investing in mutual funds. I found his arguments concerning owning foreign stock interest. Common Sense on Mutual Funds. Books by John C. Bogle (Author of The Little Book of ... John C. Bogle died in January 2019. Written by the founder of Vanguard, it has completely changed the way I will approach investing for the next 30 years and has really opened my eyes about some of the downfalls of individual investing. 6) Make sure the index represents the whole market and has a cap on how much funding it is open too. Common Sense on Mutual Funds by John C. Bogle, 9780470138137, available at Book Depository with free delivery worldwide. The concept is simplicity writ large.”. Each section focuses on a different but crucial financial obstacle in the current mutual fund industry. Just a moment while we sign you in to your Goodreads account. John C. Bogle shares his extensive insights on investing in mutual funds. . Excellent for those unacquainted with mutual funds or to read as a reference. Foreign funds may reduce a portfolio’s volatility, but their economic and currency risks may reduce returns by a still larger amount. In fact, past performance of funds is a very poor indicator of future performance) and invest in low-cost index funds. The founder of the Vanguard Group offers an analysis of mutual fund investment, discussing the significance of asset allocation, the benefits of simplicity, index funds, … 5) Go for an index fund that has the lowest cost and lowest turnover to maximise returns for the investor. We cannot expect management companies to operate in the public interest. Very interesting read for people who do not have much knowledge of mutual fund and index fund investing. Over a 200 year period almost no mutual funds beat the market. “The mutual-fund industry sits at the center of a massive market failure. I enjoyed the voice of the author. their self-love.” So it is in the traditional mutual fund industry. This isn't just the best book yet by Bogle, it may well be the best book ever on mutual funds." It is sad when we don't get any breaks in this life, and sadder still when we don't recognize them when they make their appearance. Since the first edition of Common Sense on Mutual Funds was published in 1999, much has changed, and no one is more aware of this than mutual fund pioneer John Bogle. Start by marking “Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor” as Want to Read: Error rating book. Why should you read this book? And I feel good about it. C. Bogle. Read this book using Google Play Books app on your PC, android, iOS devices. I highly recommend this book to anyone beginning to think about investing. As understood, deed does … Today I’m reviewing the book Common Sense on Mutual Funds by John Bogle (see my other book reviews).You can browse the book’s table of contents through Amazon reader.. John Bogle (Wikipedia bio) is the founder of The Vanguard Group, winner of TFB Award for Best Mutual Fund Company.I have the highest respect for Mr. Bogle for his innovation and altruism. Acquistalo su libreriauniversitaria.it! This is the newest edition of one of the best investing books I've read. Common Sense on Mutual Funds Quotes “Investing is an act of faith, a willingness to postpone present consumption and save for the future.” “No matter what the future holds, long-term investors who have chosen an index strategy because of its merits are unlikely to be dis­ap­pointed.” Share. Perhaps it wasn’t exactly repet. It also shows how a diversified portfolio is virtually … Now, in this completely updated Second Edition, Bogle returns to take another critical look at the mutual fund industry and help investors … Read honest and unbiased product reviews from our users. For Bogle converts, you won't find much new in this book. 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